How to Dramatically Increase Your Credit Score in 2021

[@AskSebby]

💪 [ 2023 Update ] 30-Day Credit Challenge is no longer available. New updated 2023 improve your credit video: kzbin.info/www/bejne/Y6TcgoZ7j6-Yjq8 💳 See Sebby's Card Picks: www.asksebby.com/go/topcards

[@emvee5321]

Hi Sebby! What should I do on the charge off accounts? They’re all closed but still showing past due balance. Thanks in advance!

[@theoperator9474]

That was a great video. 👍

[@staciramos6658]

Score is 530 and I think what's holding it back in late payments negative marks and collections closed acts and past/present utilization. How can you help?

[@staciramos6658]

@@emvee5321 did you ever get an answer?

[@IAMKESHIAB]

@@staciramos6658 Start By Bringing Your Accounts Up To Date

[@LooseJointhiphopdance]

I often watch your videos and have learned a lot. I went from not having a credit card more than a year ago to having my first card. a Discover It card. I recently got a credit increase about little more than a month ago and went from an initial $3,500.00 limit to a $6,0000.00 limit. I tried for a limit increase at about 8 months of having the card but was told I had to wait 1 year so I did. Kept my credit utilization around 12% and got accepted. I felt so accomplished Now I want to get my utilization down to under 5% before applying for my next card. Thank you Seby

[@betonblack3621]

I’m working on my 5 card rotation As we speak then I want to get it to 10 eventually

[@LiveLoveLaugh_44]

Congratulations sir

[@gtjovan]

💪🏾💪🏾

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 360-768. He helps with credit Repair

[@ericnorthman3063]

@@betonblack3621 I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 360-768. He helps with credit Repair

[@Cisco3750]

Most people focus on credit score, but your income is also another big factor. If you have high credit score but low income you'll have a hard time getting a loan as well.

[@TheEnphamus84]

facts bc this is my problem but not for long!

[@niamassey4100]

Omg why

[@curiosityredpill7030]

@@TheEnphamus84 true

[@milojayjay]

I think it’s more debt to income ratio. If your income is decent and you have no debt, you will be approved. Obviously they’re not gonna give you a loan that’s way out of your budget, you should consider if it’a smart to even do so.

[@06jsil]

I know people who make 30k a year and was able to get a 300k home because they had no debt, credit was 700+, and they had 20k down

[@soleilwhitton6397]

I just crossed the 750 credit score threshold. a few things to keep in mind: 1. Pay your minimum payment on time. 2. Stay away from store credit cards, the interest rates are killer and that little bill becomes a big bill when your sit down and add all of your debt up. 3. Make sure you have a credit card that is working for you (miles, points, cash back).

[@sweetlifeofHoney]

Chime credit builder helped me rebuild my score higgggh, like750 and i go and charge it up.... Omg but i did open a few cc's ...... But im going to work hard to get ot waaay back up again

[@sweetlifeofHoney]

Youch but my interest rates are sooo high

[@soleilwhitton6397]

@@sweetlifeofHoney If you are making your payments on time for 1 solid year, you can negotiate a lower interest rate. But do whatever you can to pay off your debt. When you owe someone, they take your financial future. You can make it without cc's.

[@VisualDisplay07]

What rappers didn't tell us about other people's money is how to make it work for us! I am adamant about miles, points, and cash back now more than ever and have a plan in place to ensure my monthly balance is under 10%. Mostly, it's not charging more than you know you have in cash to cover the expense. It's also having emergency savings so that your first inkling isn't to 'charge it' and worry about expense later. Without a CC, I discovered more resources for paying off past due amounts than I had when I defaulted to CCs to live. May we never be subject to the lender again, amen?

[@Lionheart_He-Man]

Correction on # 1 Pay your entire monthly balance….EVERY MONTH in full. There, fixed.

[@ConstantPoints]

Been in that situation where I had to live in a lesser place because of credit score. Its crazy how bad credit can affect you and in how many different ways! Great topic!

[@amyzieger5198]

well welcome to the real world sir! there's people from all walks of life with this problem. nd just because you have a lot of money, some of these people has bad credit too! they spend nothing but cash and will not take the responsibility to pay there debts either!!! Lets get with the program and the real world sir!!

[@lilliandadon9048]

@@amyzieger5198 their*

[@gb3113]

Hey Sebby, I hit 800 credit score this year .. also got my first chase credit card.. Thank you for all your videos..

[@antman674]

I was surprised by the inquies portion not being too bad. Because when i first started rebuilding my credit, my score would take a 40-60 point hit per inquiry. It made me pretty reluctant to apply for new cards. But now with my credit history built up, my score literally only dropped 1 point for my latest credit card application 👍

[@JayG_]

Another quality video with good information. As some who has made a career in the financial sector for close to twenty years, I appreciate people like you with a platform trying to educate individuals on credit. Doing it for free on KZbin, and only charging eight bucks for your boot-camp shows your heart is in the right place. I find it astounding that personal financial management and credit isn’t a standard class in our formal education system.

[@AskSebby]

Thank you! I appreciate that :)

[@landocalrisian2014]

I've finally after 5 years, got all my scores above 790. I started in the 630s in 2017 and now my highest score is 807 and lowest 796. It was a slow but steady race and I definitely feel good at this point knowing I can get great rates on anything.

[@bayborn510]

how many credit cards did you have at a time?

[@landocalrisian2014]

@@bayborn510 I believe in 2017 I had roughly 3 cards. Two of them had low limits.

[@chrishoffman8600]

Usually, my score is in the lower 700s. But, right now I just moved/bought a house. I have had a ton of extra expenses, and my cards are loaded. So, my score is way down. It'll take me a little time, but I'll get them all paid off, unless something really bad happens! Score is around 648 now.

[@pacs0508]

At least you have a place to live and time to work on the other. Congratulations! 👏🏽🎉🎊🎈🏆🏡

[@chrishoffman8600]

@@pacs0508 Thanks much. Yeah I didn't end up where I wanted to be house wise, but should be good once can get settled in. It's unfortunate that I had to buy at the worst possible time. But, like you said....glad it all worked out. :)

[@rival989]

I thought the recovery period was 3 to 6 months, for your scores as long as you don't miss payments?

[@landocalrisian2014]

Think positive!! Congrats on the house. Your score will rebound.

[@gsawnv]

We paid off our mortgage and took a 100 point hit to our credit. This portion of the credit scoring system is broken.

[@gsawnv]

@The Tranquil Heart yes. Counterintuitive but true. The payment history, balance, etc vanishes when the loan is paid.

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 768 to 976He helps with credit Repair…

[@listeningviayoutube7229]

Terribly broken...Smh

[@so.many.obstacles]

Yeah I paid off a personal loan and took a hit. I’ll pay off my car note this year and I know the drop will come again.

[@liztaylor85139]

My house is paid for and I get a negative hit because I DON"T have a mortgage! WTH??? Same with my car. I have 3 payments left and when it's paid for? It will drop as well. It's just a way to keep you in-depth!

[@jimvanover]

Is anyone else shocked by the average US FICO of 711?

[@jac3744]

Yeah! i expected a lot lower.

[@kingznqueenztv]

More like 511…

[@listeningviayoutube7229]

Yes, I thought it would have been in the 500s or 600s.

[@timothyflemingphotography]

@@kingznqueenztv because most people like yourself focus on the lowest common denominator.

[@kingznqueenztv]

@@timothyflemingphotography Which is???

[@Busselld7]

I just watched your video on how to boost your credit score 100 points in 7 days and I liked the info about paying a card down to 2% to get an on time payment. I was going to pay down the balance to 30% or even paying it off but paying it down to 2% and getting the on time payment makes a lot of sense. Thanks Sebby!!!

[@JacobKustra]

Great video! Honestly this is a great topic to redo as it does change yearly! I think credit is one of the best tools that everyone should know about, literally a credit score could make or break a person's opportunities! Not growing your score could literally cost you thousands, especially because of missing out on low APR rates or even loan acceptances! Keep up the great work as always Sebby!

[@AskSebby]

Totally agree!

[@JacobKustra]

@@AskSebby Hey! In case no one has asked yet, how's your day going today?

[@JohnPavlish]

I like the hat. Keep it in the future videos! My score got hit from doing several mortgage loan applications. I applied for almost every month for a year and the hard inquiry dropped my score from 790 down to 713 for one issuer. I was told the magic number to stay above for the best rate is 740, so that is to be considered while buying a house. I also applied for a credit card during the loan process and it did it effect my mortgage application. As long as you have a strong base of old cards you can still apply for new cards. One year with the dust settle my score numbered back up to 740-780 depending on the issuer. With the hard inquiries falling off next year I’m hoping to join the 800 club due to adding more credit and more older cards.

[@rodrigosanroman5858]

@@o.c.g.m9426 Hum. As a loan officer at a major bank... The loan issuer most definitely added points or some sort of closing cost to get you that rate with your kind of score. Meaning you definitely paid higher closing cost and the loan officer just lowered your rate manually just enough to make it look good, but you definitely paid for it. Unless you agreed to something less than 30 years.

[@kyanthonyy]

It's actually pretty surprising how much of the information that I already do without noticing, Im 19 and in college and was able to build up my credit score to about 750 (my parents didnt have me as an authorized user either). My first credit card was a Discover student card and i had been approved for $1,750 and then they gave me an increase to $2,100. A year later i applied for a second card which I was approved for $750 and then was given a $4,000 increase, I've watched alot of these types of videos and it feels good knowing im doing everything so far right.

[@landocalrisian2014]

Keep up the good work!!!!

[@my1stlove130]

Wow look last month my credit score was 789 . This month Discover it statement 814. I feel so good, I’m helping my best friend build her credit now. Im so proud of myself, all self taught

[@temp903]

Didn’t know about leaving a few dollars on the card so that the scheduled payment still goes through. Great tip! I’ll have to test that to see if it increases my score more.

[@liztaylor85139]

I thought the same. I thought paying them off every month was better. Now I know to leave a little balance on them. let's see how this works out. How did it work for you?

[@dricoirving3236]

The single biggest thing I heard u say when I first started to follow you was pay your card before the due date🙏🏽🙏🏽 that's kept my utilization low and helped my scores increase

[@coachang2573]

How many days before the due date was suggested? (Thanks in advance😉)

[@caitlynnhamilton8016]

@@coachang2573 i would also like to know

[@marisoljesus9862]

How many days before the due date?

[@JaeBTundra1]

The big thing is paying more before the report date

[@AnnaBanana3355]

@@JaeBTundra1 when's the report date? Is that the same as the closing statement date?

[@ShadowKingpin]

Another idea for putting small spend on your inactive cards, I highly recommend donating your small spend to charity. :)

[@miyajij]

I do this, too! $10 donation per month (usually give more over the holidays) per "sock drawer"card and set for autopay.

[@ShadowKingpin]

@@miyajij Yep!! I do the same thing :D I dedicate it sock drawer card to a specific charity that I am passionate about and leave them on autopay. I’m so, so glad you do this, too, as it goes a long way with helping others in-need out

[@robsorbo]

I'm in a rebuilding phase after some "life happens" a few years ago. It's nice seeing it slowly trickle upwards. I probably won't get to play the credit card game or get another mortgage for a couple more years, but life is ok for now!

[@christiantinsley4978]

Get two secure cards from navy federal credit Union. Pay on time for 6 months and they with graduate to a unsecured card and raise your limit to 2K

[@arey256]

I just opened a new line of credit and my credit score went down by 13 points. It doesn’t bother though because I know in a couple of months I should be at 820+ or at least I hope. Lol

[@michaelreid8857]

Normally, it will take about two months for the algorithms to digest a new account! Three months ago I got three new accounts in a 20 day period. I’m still suffering from that! 😳😳😳😆😆😆

[@michaelreid8857]

@@user-ub8mo7dr6c there are many factors used in computing your FICO score. Yes payments are important, but also utilization , history, mix and inquiries!

[@MAG320]

I started with a chime secured card & held it for 8-9months. I also started seeing card offers afterwards. Merrick Bank was the first & i never even heard of them. They gave me a $700 limit, waiting to double by august. Credit One shown up next, Avant, Aspire & Verve soon followed. 3 major milest later hit which was Discover, The Home Dept & Citi, adding $9,500 combined limit. The inquiries may be high & the history is low for now, but as long as you dont use the cards much & keep the payments low, your score will skyrocket. I hit more milestones than i could count adter having bad credit for so long. I thought i throw my hat in the ring.

[@mitchell.9632]

Part of credit mix could be the number of active cards in the last six months for FICO as well.

[@chrisp7110]

Yeah Landlords are shady with that because they don't need to but they like to bully you because they see you are new to the game. It is ridiculous on how many types of shady things are out there from landlords that you need to basically take them to court.

[@cryptocrack2682]

That's why it's usually better to own your own home.

[@heavymechanic2]

My cards are in a rotation to use each card every 2-3 months, some report a small balance and others get paid before reported. My score is bumping along like stocks with a stable company. My utilization is an average of 1% reported and on occasion get a single card above 9% and see a dip in the score. This is whats working for me with revolving cards and an installment loan, all in good standing.

[@JUS2CHILL]

Aloha Sebby, Thanks so much for all the great information. I was a mortgage credit underwriter for years & and I didn’t even know a lot of what you cover. I was able to jolt my credit score 70 points by following some of your strategies. It’s a GREAT 👍 thing your doing. And yes I’m still watching for more content, credit health and financial management is a journey and not a destination. Mahalo and Aloha. Jus chill’n

[@abdjames1372]

This video answered a lot of my questions I had about credit cards. Great content

[@AnonymousGuy-ij3xi]

A really well, detailed and categorized explanation. I like the seriousness and answers to many questions, spoken so naturally. So I'm subscribing based on this and other videos.

[@eclecticdementia]

Myfico forums representing!!! 🙌🏾🙌🏾🙌🏾🥳

[@raymarvelez]

Thank you for this refreshing video really highlighting the keys to credit

[@leemcmullan]

HAHAHAHHA "why am I wearing this hat?" THAT WAS BRILLIANT

[@krillissues5175]

Having good Credit score is nice I built my credit score next from nothing from over a year so far I able get myself a car loan with ok interest rate

[@TheTubeMeister]

Whats weird is I applied for the American Express Cobalt card back in March. My score updated yesterday and it jumped 17 points. It never dropped at all since I applied. Typically it should drop after an application. But, I’m not complaining lol. What I’ve found over the years is that UTILIZATION is KEY! Keep it low if you can. Pay your bill super early.

[@colinandmeg]

Thanks for this! Totally need to boost our score asap!

[@davidsteckley8846]

Actually scores don't matter much above a 750 if your not going for a mortgage or an auto loan. Just make sure you balance under 10% before you need a big purchase for a home or mortgage. Once they all report that zero balance, the next month your scores are up

[@Nofacenocase1619]

What about for a personal loan or a business loan for cash???

[@TheLogan-ir6di]

I work with people and their credit history every day, and almost NEVER see a score over 650.

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 768 to 976He helps with credit Repair

[@MathMadeSimple777]

Currently, 594 down from 620. Still bad but it’s growing now. I had a rough two years of job instability and it hindered me in major ways.

[@Alvin_1914]

SATURDAY WITH SEBBY!

[@AskSebby]

🙌

[@avres13]

Does chase 5/24 apply to authorized users the moment you were added or when that card was originally opened?

[@UnwanaUdoh]

This was awesome, thanks for sharing this 😀

[@flexspec]

Love the videos. Been watching for years.

[@AskSebby]

Awesome! Thank you!

[@SalariaStudios]

I bought 2 beds under a lease. Then bought my wife's 1500 and 1800 dollar ring. Then rented for a year Then leased out my phones and tv. My cscore is bonkers

[@alexanderfigueroa3920]

My credit score took a big hit recently because I bought a house and my student loans reflected my credit score at the same time. Im trying to get it back up to the 700s, but im stuck in the 650’s

[@davidgutierrez5937]

Why am I wearing this hat? 🧢🤣 Sebby always entertaining as hell 😂

[@eaglesallday8o8]

Thank you for your article on the chase credit card rules, i just got approved for 2 in the same month!

[@chrislouisonsr676]

I took the Vibely course for one month. That was enough time to get through all the content and download all of the content. Thanks Sebby.

[@easy6427]

One thing that most don't know is when you're paying off a credit card, DON'T pay it down to a 0 balance! Pay it down to $8 to $9 and repeat. You'd be surprised how quick your score will jump up doing this. Its the fine line between successfully using credit and not being involved enough to be beneficial to your score.

[@jenniferjones2126]

Thank you for this info

[@sergiocervantes1662]

so if I owe 100$, I should pay 92$ ?

[@sergiocervantes1662]

should those 8$ go onto the next month or balances ?

[@easy6427]

@Sergio Cervantes yes don't pay it to a zero balance pay just to $8 and keep it there....Basically you just use it for whatever and then continually pay it down to that $8.

[@sergiocervantes1662]

@@easy6427 won’t they charge you a fee for not paying it in full?

[@julioc4978]

A good way to deal with utilization is to get a charge card... Cheers

[@DoorDashers791]

It's weird because when you get 830 credit score you get denied.. And I said I got a 830 credit score they said that credit score has nothing to do with approval process....unbelieveable..

[@DoorDashers791]

@@lucyandmark2117 thank you 😊

[@sugarandspice2136]

I believe it, it's true.

[@davidgantt7332]

Wayne THE GOAT Gretzsky sais the quote about " taking shots" Love ya bruh and your channel :)

[@sethlabiaux420]

As far as I know, the air force and navy check credit score as part of enlistment.

[@stephen-finance]

Great video! With some strategy, dedication, and patience, it isn't that difficult for someone to get their credit score up.

[@papihuey]

My mom doesn’t even try to increase her score. She got 2 credit cards and the only reason she got them is bc she doesn’t want to use her debit on purchasing stuffs bc she’s afraid of getting her debit hacked. Her credit is like ~650 or something😕

[@michaelvaldez9217]

sebby's great! currently at 680 with 24 cards, 30% utilization. also have my chase & amex trifectas thanks to your tips & videos. next to get my utilization back down to 10-15%

[@Szn97]

How do I get my picture date ?

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 768 to 976He helps with credit Repair

[@craigmilner910]

Buzz me up.

[@mercedeswilkins9085]

A perfect credit score of (800-850) doesn’t mean anything if you don’t have the payment history behind it.

[@FE428Power]

I have some late payments on one account in mid 2020. Is time the only way to correct this?

[@craigmilner910]

Do you still need help with this.

[@midnightstars6957]

I had a 726 credit score when I was surprised with a store credit card when I thought I just making an account for a discount on a promise ring now my score dropped 50 points and the store didn't even get my ring right. I want to raise my score to how it was before and it kills me everytime I see it so low now.

[@jonanderson4280]

You pay $8 for a cup of coffee in SF? Oh my!

[@donnymonreal8111]

I went from 340 to 677 now thanks your a big help

[@landocalrisian2014]

Bravo!!!!

[@beatriz7064]

How long did it take and how?

[@donnymonreal8111]

Well this is true facts i opened a capital one secured card deposited 200 and used that 3 months then i was approved for amex credit one card did that made all my payments ontime and basically made sure that when my report was gonna update i would my account at a low utilization first time points went up 240 then by 6 month i was at 677 but now im at 815 so i would ruffly about 7 months but ontime payments give good markings in your report ¹

[@donnymonreal8111]

@@beatriz7064 i replied

[@officialjaluv]

Inquiries in the long run doesnt matter how many points. Companies will deny you for inquiries alone. So it still hurts.

[@liztaylor85139]

So true! Before I started learning about credit scores I just wanted to get approved for cards and build history and payment history. But I've been turned down in the past with a decent credit score/history because of to many hard pulls. I've been told that if they are over a year it does less to your score and fall off after two years.

[@officialjaluv]

@@liztaylor85139 yep it does fall off after 2 years. Gotta play the waiting game before applying for anything else or applying for things that dont do hard inquiries like CUs who does quick loans etc

[@andreresto169]

Like how u explained things. Definitely gained knowledge from this video

[@laylamcdonald2752]

I'm learning so much from this channel. Awesome job

[@AskSebby]

Glad to hear it!

[@BlessedTD1962]

I used to have 10 credit cards but if you don’t use them (alike TJ MAXX, Pennys, sears). They seem to cancel you. How to you manage to use 30 credit cards? What are the rules, do you have to use the card annually or quarterly or monthly to keep the account active?

[@paranormaltester2036]

Credit score on 2019: 570 credit score 2022: 768. Bin watching your vids seb and thanx for all the advice. I started out really bad but with your advice and hard work I manage to get out of the hole. Here is how. First: Capital 1 plat, Discover secured ( with $1,500 to keep utilisation down) first year. Up graded to cap 1 silver and Discover it. Then got Amex Cash Magnet. Now I got 1 X that accepted me for 16k wich help me get Citi custom cash, I am aming for the trifecta with Citi premier. I travel by car alot so my main spend is Gas, Restaurant and hotels. City is perfect for that. Thanx Seb for all the infor and knowledge you share.

[@ChipZilla69]

I have excellent credit but it bothers me why the score sometimes goes down and I haven't made any significant changes. Experian is the worst for wild fluctuations for no obvious reason.

[@anthonysmith3593]

yeah my score tanked 35 points cause i let my 1k limit card post with 509 BUT i did pay it off in full and gonna keep it under 100 this month lol

[@michaelreid8857]

Same thing happened to me when I charged $400 each on two $500 cards. Should have done those on my $7,500 card! Any way I paid them off and expect a ride this coming month!

[@theforestisdark9676]

What about after doing multiple Inquiries

[@MTV1995_]

The amex delta platinum has 90k sign up offer.. do you consider this a no brainer keeper card for domestic travel?!

[@snavisTM]

Credit scores are relatively meaningless because of the different ways there negatively or positively effected... Lose points for applying for a credit card or loan.. yeah that makes alot of sense.. while at the same time your score isn't positively effected by things like paying your utility bills on time every month.. We're the ones who take this almost meaningless number seriously which in turn gives all the power to these soulless institutions. Oh and yes I do have a fantastic credit score before you ask.

[@michaelswami]

Credit reports (including scores) are highly meaningful to their intended consumer, which is lenders assessing risk for purposes of making credit decisions. This should not be disregarded.

[@fullmortise]

As a landlord it means a lot to me. Anyone 640 or lower I want nothing to do with.

[@michaelswami]

@@fullmortise as an employer, I feel the same way, at least with respect to certain positions. I will not hire anyone who processes payments, does book keeping or accounting, or other financial position without looking at a report. It allows me to determine if they manage their personal finances properly as well as whether their might be a basis for temptation based on how much debt there is. I am not fixed on the score, but the level of obligations.

[@pacs0508]

@@fullmortise Every situation is different and numbers do lie sometimes. Maybe you can't relate or it's just strictly business to you. To each his own.

[@fullmortise]

@@pacs0508 Give me an example, how do numbers lie? And put yourself in the shoes of a lender or a landlord. Do you really want to access your risk with out the credit score? Bad credit doesn't necessarily make a bad person but extremely ignorant or bad with money. Or a risk taker who fell short.

[@koreypaul6698]

8:15 I got some "baddies but in the bad way" myself 😭😭

[@natalietitus3234]

Kids gots me in debt. So my 8,000 credit card debt(13 cards) is bad. I just bought a car so I got huge horrible interest rate. I picked up a part time gig to pay off my loans or at least half to bring up my score and refinance. Ty for these helpful tips.

[@olanizimmerman]

How can u get things removed from your credit report if you really do owe them the money???

[@travisretriever7473]

Knew I subbed to you for a damn good reason.

[@KivysAptApprovals]

Great video thank you so much. I will definitely use these tips, along with my documents from Fresh Documents, they boosted my credit like crazyyy lol

[@docsays]

great vid Sebby always good to get a refresher. been playing the utilization game, but no im going to try to manipulate my payment activity a bit more. thanks for the tip.

[@phoenixgarcia4958]

Help, so I'm rebuilding credit. My ultimate question is is it better to pay off a 6 years credit card to has a past due of 3000. Or should I just wait the 7 years. If I pay it off will it reset the time

[@davidjohnson8501]

I am trying to send dispute letters to the 3 Credit Agencies. They only offer up PO Box address. Can you help?

[@AnnaBanana3355]

Do you pay ON the day of the closing date or a day BEFORE the closing date?

[@jeremymoore450]

Sebastian, Been a long time followers of your channel. It has gotten so much better over the years. I loved this video and it was such an informative way to explain so much on the credit cards. I loved this thank you for taking the time. I had to figure out the same stuff for utilization and payments. I am rebuilding my credit now. In almost 5 years I am at 670 to 680 ish. I was at like 500 something after bankruptcy. I cleaned up my credit and have consistent with credit cards. I have some secured cards to help me and All cards I have are pretty good. Not like what you have but I am trying to prove now that my credit is better and now I am gardening for the most part. Love the videos hope to see more like this. Maybe some secured cards review and what you think and how much we should put down etc. Appreciate it.

[@stelavazquez1918]

Wait your caption says how to raise your score in 2022. But your intro says 2021? 🤔

[@minhdo2896]

I didn’t know to leave a little balance. I thought pay it off sooner faster is better. Learn something new everyday.

[@Michael-ok6pe]

Oh I thought Credit was like Golf the lowest score wins. Oh well. haha

[@urbannomadslife]

We need to build wealth not just credit.

[@Szn97]

But how does the card utilization actually work tho I have a limit of $1000 how much can I actually use on that card if i go over how much would it calculate too I know it’s somewhere around 300 where I should use and do I need to pay more if I spend more than my limit ?

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 768 to 976He helps with credit Repair

[@craigmilner910]

Do you still need help with this?

[@SeckouDaWinner]

Does it matter his many times a cycle I make a purchase ? Isn’t utilization based on what’s present on my statement date

[@dustinstratton5357]

Always try to catch all your videos and have been trying to follow your tips. For some reason I've been stuck in the low to mid 600s for what seems forever

[@ericnorthman3063]

I could give you a good recommendation bro where you can invest and get huge profit under 48hours and also get a loan he also helped me boost my score from 768 to 976He helps with credit Repair

[@dustinstratton5357]

@@ericnorthman3063 naw I'm good

[@alonsomendoza1775]

the UPGRADE card is an open personal loan, similar to a creit card. it is a personal loan that doesnt close.

[@DoorDashers791]

I noticed that when my credit score hit 850 I get denied instantly..the denial letter said low credit card usage. To many hard inquires which is 2 mortgage inquires..

[@ee8122]

?: I keep getting a “line” on my credit report too many cards with balances. I pay them in full every month.and never more than 10% charged. Cards active >20. So started paying them off prior to statement closing. Are my 0 balance bills not being recognized now as activity on my card?

[@michaelswami]

The activity is recognized on your report. I use All Zero Except One as my strategy, meaning I allow one 1% balance to report. This appears to maximize my score based on the numbers and trend.

[@joechombo8110]

Do you recommend us bank for credit cards???

[@vizualbandit5331]

Is it possible to get a low 700 score if you have over 90,000 in student loans?

[@supitschillbro]

Yes, that was me 2 years ago by making sure my utilization on credit cards was low single digit percentages, paying off in full every month, and not applying for too many too fast

[@waterheaterservices]

Very good teacher

[@yourfavpersuasion9385]

what bout if you are stuck between the 720s-750 for a long period of time!?

[@clockwork9825]

U have some debt?

[@yourfavpersuasion9385]

@@clockwork9825 nope

[@clockwork9825]

@@yourfavpersuasion9385 ok. Not sure how to get ur score up. Paying off debt is usually a sure thing.

[@Cartoonjoker15]

I am in a bad place concerning my credit cards. I had to quite my job due to mental health reasons. I couldn't pay my cards. 2 accounts are already closed. I am keeping 4 cards but the rest I will have to let go. I just don't have the income to pay them all. Even if I do enter some kind of payment plan. I am looking for a job now but there is no telling how long that will take. All I can do now is try to keep the 4 cards I am paying on and use them in the future to build my score back up.

[@kevinhardy7254]

I have a problem with credit karma matrix for scores can you advise

[@BrooklynCashmere]

Great tips! Appreciate the charts!

[@ShannaReneeCurry]

Excellent video...as always

[@AskSebby]

Thank you!

[@FilmFactry]

Question: I have 3 Lines of credit with zero balances. as well as a couple Visas I don't actively use. Do I understand you correct, I would be better off just before the closing date. Charge something on them, and then zero them out say in a day or two? That would raise my score? You mention even a small $1 charge does the job? Good info.

[@koreypaul6698]

Yup, you could be leaving 15 points on the table

[@michaelswami]

@@koreypaul6698 Agreed

[@michaelreid8857]

@@BenGaut excellent advise. I make it a point, once a month to go to Walmart with my garbage cards. Eggs on one card, a jar of Salsa on the next. Got to show payments and low usage. Today I charged a $2 charge on one card!

[@111DAKIDD]

I don’t mean to high jack your post, but I am also trying to fully understand this concept. So, I have 14 credit cards and only 2 of them have balances on them. I do not use my other 12 credit cards but only once every 6 months or so [ just so they do not close them ]. The rest of the year they are at a Zero balance and unused … is this actually hurting my score? Should I be making small $1 - $2 purchases with each card every month and immediately paying them off… and if so, is it best to pay them off immediately or let the $1 - $2 purchase hit my statement [ picture day ] then pay it off before due date [ so I do not pay interest on the purchase ]…

[@pengu6335]

@@111DAKIDD Jeez, 14 credit cards? I have six and I think it's too much sometimes lol.